SINGAPORE - Respecting the territorial integrity and sovereignty of all, taking collective action on global issues, and promoting openness and interconnectedness rather than engaging in zero-sum self-interest are some guideposts for Singapore to secure its place in a turbulent and uncertain world, said Senior Minister Teo Chee Hean. Mr Teo, who is also the Coordinating Minister for National Security, added that in this new world, while Singapore’s strategies and solutions may change, these principles that underpin them remain. In the opening address at the Asia Future Summit 2023, Mr Teo said: “Singapore today is better equipped than ever before in terms of human capital, know-how, material resources, and international networks, to play a part in nudging the world in the direction of openness, inclusivity, and enlightened self-interest, both for our own benefit, and also for the region, and the world as a whole.” The summit marks the inaugural collaboration between The Straits Times, Lianhe Zaobao and The Business Times. The invitation-only event is taking place today and tomorrow at The Ritz-Carlton, Millenia Singapore. Read more at straitstimes.com.
SINGAPORE - Respecting the territorial integrity and sovereignty of all, taking collective action on global issues, and promoting openness and interconnectedness rather than engaging in zero-sum self-interest are some guideposts for Singapore to secure its place in a turbulent and uncertain world, said Senior Minister Teo Chee Hean.
There are more than 20 distinguished local and international speakers, including Prime Minister Lee Hsien Loong and Deputy Prime Minister and Coordinating Minister for Economic Policies Heng Swee Keat. He highlighted the intensified global competition, with nationalism and protectionism impinging on free trade, a brutal war in Europe, and an record low strategic trust between the US and China as some reasons for the tense global situation.
On the matter of conflict between countries, Mr Teo said that Singapore must continue to respect all territorial integrity and sovereignty. Mr Teo added: “But Mr Lee also believed, and Singapore’s history shows, that small countries like Singapore are not without agency.”There are many global issues that require collective action such as mitigating climate change, fighting cross-boundary and cyber-crime, and managing space and cyberspace as global commons.
He said that in both cases, there were major sticking points among countries that Singapore helped to overcome. But Singapore structured investments carefully in order to benefit from technology infusion, market access, and job creation. This approach led to the city-state to experience rapid economic growth and garner lessons.
On the relevance of multilateral institutions and the role they play today, Mr Teo said that many of these blocs such as the UN, International Monetary Fund and the World Bank were created during a different world order, after World War II.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sygnum Singapore obtains major payments institution licenseSygnum Singapore has clinched a Major Payment Institution Licence from the Monetary Authority of Singapore (MAS).
Read more »
Detecting money laundering like looking for ‘one needle in several haystacks’: Josephine TeoResponsibility of gatekeepers to do the necessary checks and flag risks, as many do. Read more at straitstimes.com.
Read more »
New inter-ministerial committee to review and strengthen Singapore’s anti-money laundering regimeThe government will set up a new inter-ministerial committee to review Singapore's anti-money laundering regime and ensure it stays up to date with increasingly sophisticated crimes, said Second Minister for Finance and National Development Indranee Rajah in parliament on Tuesday (Oct 3). Lauren Ong reports.
Read more »
New inter-ministerial committee to review and strengthen Singapore’s anti-money laundering regime“Where gaps are identified, we will tighten our regulations and enforcement to prevent exploitation by criminals,” says Second Minister for Finance and National Development Indranee Rajah.
Read more »
New inter-ministerial committee to review and strengthen Singapore’s anti-money laundering regimeSINGAPORE — The government will set up a new inter-ministerial committee to review Singapore's anti-money laundering regime and ensure it stays up to date with increasingly sophisticated crimes, said Second Minister for Finance and National Development Indranee Rajah in parliament on Tuesday (Oct 3).
Read more »